Frontier Services Group Comments on Recent Media Report

HONG KONG--(BUSINESS WIRE)--Frontier Services Group Limited (“FSG”, “The Company”) (SEHK: 00500), a
publicly listed transportation and third party logistics provider on the
African continent, today issued the following statement:

Frontier Services Group is aware of a recent media report published
today by The Intercept, and wishes to inform investors and
markets that the following statements were offered by FSG to The
Intercept, for the record:

FSG has no involvement whatsoever with the provision of -- or even
offering to provide --defense services in Libya. To the extent that
anyone has proposed such services and purported that they were
representing FSG, that activity is unauthorized and is not accepted or
agreed to by the company.

Since our inception, FSG has had bright line policies against the
provision of defense services and the purchase of US origin items that
might be ITAR-controlled.

The company has strict protocols in place and has a board-level
committee to review any high-risk project, which would certainly
include any proposal in a 126.1 country, such as Libya. We are unaware
of any such proposal.

FSG has been, and remains, strictly a Transportation & Third Party
Logistics business. The company will fully investigate any of the
actions purportedly taken in its name and ensure that no such projects
are undertaken.

FSG was encouraged that the reporters acknowledged that FSG management
was unaware of -- and took no part in -- the allegedly unlawful conduct
at issue.

Gregg Smith, CEO of FSG stated, “We take the integrity of our business
very seriously - we will follow any allegations where the facts take us
- and we will do so thoroughly, quickly and transparently. We will, of
course, cooperate with any investigating authorities.”

About Frontier Services Group:

Frontier Services Group Limited (“FSG”) (SEHK: 00500) is a publicly
listed company on the Hong Kong Stock Exchange with its headquarters in
Nairobi, Kenya. FSG provides complete logistics solutions in frontier
markets with a particular focus on Africa. Serving sectors across oil
and gas, mining and humanitarian relief organizations, FSG is able to
support customer’s needs around moving goods, material and people in to,
and out of, some of the fastest growing, but more difficult operating
environments in a safe, reliable and cost-effective manner.